Excerpt below from Yancoal's annual report re strategic shift from pure play energy. I like the thinking and am optimistic that it'll be well received by the market...
In 2022, Yancoal will continue to strive for excellence: the future is full of exciting and new horizons for the company. While Yancoal will remain committed to our core business and to ensure our coal mining operations are world-class, there will also be opportunities to expand Yancoal’s asset portfolio beyond a pure focus on traditional energy.
As the world moves towards a lower carbon economy, Yancoal has identified the development of renewable energy projects and the pursuit of diversification into minerals and commodities beyond coal as important elements of a strategy to underpin the ongoing sustainability of the business into the future. The need to explore opportunities in the new energy sector and other commodities is critical, especially given that investors are increasingly focused on decarbonisation and carbon-neutral themes. This bold strategy aligns with the ambitions of Yankuang Energy, Yancoal’s major shareholder. Yankuang Energy is pursuing a path of evolution from being a pure-play coal mining business to diversification into an international energy and commodities group with a global presence. Having commenced this journey and with the support of its major shareholder, the coming years will be a transitional period for Yancoal.
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